Leviathan.007
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May 15, 2020, 10:13:30 AM |
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Unfortunately, there is theory that some people buying altcoins when the price reached LL/ price floor/ bottom with closed eyes. Just because the altcoin is currently cheap doesn't mean the price won't fall again. That's how some coin's prices fall down and that's how some small investors lose their bitcoins. an investigation should be done before every small investing.
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Oasisman
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May 15, 2020, 10:25:22 AM |
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Investor looking several ways how to get much profit with short time and they buy altcoin, how ever altcoin most profitable and worth than bitcoin if stable on higher price, altcoin have lower price and give much profit later when raise up above 5% only.
Putting your money in a specific altcoin hoping to get more profit than Bitcoin when pumped is like betting on a lottery. Altcoin is very profitable if you happen to invest in the right coin. Infact, altcoin season is about to come, as there were movements in the market where there are thousands of Bitcoin that was withdrawn from several exchanges as traders became interested in altcoins. Now, If you can follow these trend, you might be able to ride the pump.
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wozzek23
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May 17, 2020, 08:31:16 PM |
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It is not every altcoin that has a price that correlates with Bitcoin, a lot of them are usually moving a different direction from Bitcoin. It is just a few of them that correlates and the few that correlates don't do that 100%, highest might be 90% or so I guess.
Another thing is that when the price of Bitcoin is going up investors are fond of selling their altcoins to jump on the Bitcoin trade and make profit and that leads to a crash in most of the altcoins when Bitcoin is going up. And even when Bitcoin falls, there are still a lot of people that are selling their altcoins just so they can buy Bitcoin when it's falling at a cheaper rate.
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pixie85
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May 17, 2020, 09:14:41 PM |
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How many times have I said something like that? A lot that's for sure!
Altcoin can pump by themselves but you have to be ready to sell at that exact moment. The rest of the time they will just move up with Bitcoin and you'll gain nohing but when they dump they go down hard and investors lose more than they would if held Bitcoin.
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carlfebz2
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May 17, 2020, 09:27:46 PM |
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Read this post and its true how small investor are losing bitcoin by investing in other coins.
You can buy 8000 tokens in 1 USD when price of bitcoin is 8000 USD but if bitcoin price will rise to 16000 USD then you can buy 16000 tokens in same price. Now all token price does not move according to BTC price,it will drop 20-30% without any sign of drop, but when you will compare with bitcoin you will find that you are in loss.
If you do just try to compare their value in the first place then its no brainer on which one you would gonna choose.Yes, it might not give you the best multiplier in terms of profit out there but you are at least confident that you are dealing with something established than risking out on a questionable or non assured shit coins in the market.Of course, alts wont really have that correlation of bitcoins price from time to time and we have seen it over the years that it would either go along side or would be stagnant or would go to the opposite side thats why it would really be just a gamble-like when considering on putting investment on alts, im not saying its bad but we know that diversifying is always been a good option.
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yazher
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May 17, 2020, 10:23:23 PM |
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Read this post and its true how small investor are losing bitcoin by investing in other coins. You can buy 8000 tokens in 1 USD when price of bitcoin is 8000 USD but if bitcoin price will rise to 16000 USD then you can buy 16000 tokens in same price. Now all token price does not move according to BTC price,it will drop 20-30% without any sign of drop, but when you will compare with bitcoin you will find that you are in loss. https://cryptomaa.com/btc/how-small-investors-are-losing-bitcoin-by-investing-in-altcoins/I have known this thing since I saw the extremely volatile of Altcoins last 2018 and think about not to fully invest in it unless I fully know the coin. When you put your money on altcoins from bitcoin, expect the worst thing to come because the loss rate is higher than 50%. This were a lot of people who failed when they think they will hit the jackpot just like that and the result there are lots of them who lose their money due to their blind investment method on Altcoins.
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Moyna Akter
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May 18, 2020, 12:20:47 PM |
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It is the common matter not for the only small investors but also for all altcoins trader. Because we all know that most of the altcoins are directly effected by Bitcoin price. When the price of bitcoin collapsed down, then all the altcoins price also decreased and they also lost their sathosi. But when Bitcoin price moving up, then altcoins price does not move up with Bitcoin and that time also they lost their sathosi. But there are also some different history also for altcoins movement. But in maximum case altcoins trader lost their Bitcoin gradually.
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Vishnu.Reang
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May 18, 2020, 01:29:07 PM |
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People need to realize that what happened in 2017 was a bubble. Back then alts such as Ethereum gave more than 100x returns (when compared to 22x for Bitcoin). Then there were coins such as Cardano and TRX, which gave almost 1,000x returns. A lot of people are still investing in altcoins, thinking that they will also get similar sort of returns. They need to understand that investment bubbles occur only once and they are unlikely to repeat.
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Twentyonepaylots
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May 18, 2020, 01:42:45 PM |
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People need to realize that what happened in 2017 was a bubble. Back then alts such as Ethereum gave more than 100x returns (when compared to 22x for Bitcoin). Then there were coins such as Cardano and TRX, which gave almost 1,000x returns. A lot of people are still investing in altcoins, thinking that they will also get similar sort of returns. They need to understand that investment bubbles occur only once and they are unlikely to repeat.
If that was a bubble then why the price of bitcoin is still high? Ethereum sits on the second because it is used for dapps, no wonder why it gave such a huge returns on its investor. But neither the Cardano or TRON gave a 1000x returns, where do you get this information? You should research first before spitting that stuff out coz we have bunch of new comer here man. Moreover, we can't blame people for trusting some altcoins, perhaps they have seen a potential to that coin that's why they are investing on it right now.
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wxxyrqa
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May 18, 2020, 02:12:48 PM |
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People need to realize that what happened in 2017 was a bubble. Back then alts such as Ethereum gave more than 100x returns (when compared to 22x for Bitcoin). Then there were coins such as Cardano and TRX, which gave almost 1,000x returns. A lot of people are still investing in altcoins, thinking that they will also get similar sort of returns. They need to understand that investment bubbles occur only once and they are unlikely to repeat.
Yes, indeed 2017 was a bubble in the cryptocurrency market. but things were a little different. The fact is that the rapid dissemination of information that there is a real opportunity to earn very big money quickly on the cryptocurrency market has led to an impulsive increase in interest in investing in various cryptocurrencies, as well as in companies that did not have good prospects in the future. upon reaching the maximum in the cryptocurrency market, some cryptocurrency users began a massive sale of their assets, in connection with which the offer exceeded market demand, as well as many cryptocurrencies, users began to lose interest and their value fell. as a result, we saw a large drop in the cryptocurrency market, after which many investors lost their money. all this happened for another reason, because the financial economic world was not yet ready in 2017 for the large-scale development of the cryptocurrency market. Today, cryptocurrency is already beginning to be discussed in society and many companies are introducing blockchain and can use cryptocurrency for its intended purpose. it is precisely today that I consider it to be the period when many people and companies will really be interested in cryptocurrency in order to use its daily life and in business. Based on this, the demand will in any case increase and the value of the cryptocurrency will grow, but not as fast as in 2017, but may rise higher than in that period. One of the important factors that will affect public interest in cryptocurrencies is a return of trust.
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pixie85
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May 31, 2020, 09:55:42 PM |
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Altcoins are much cheaper than bitcoin and buying altcoins can increase chances of making bigger profit than investing in bitcoin. Although bitcoin is really the major coin, still less profit are earned from it most especially by small investors and that's one of the reasons why some investors chooses altcoins over bitcoin.
They aren't. You're looking at it from a bad perspective. For the price of one gold coin you can buy a bag of copper coins but does it mean copper coins are really cheaper and worth investing in if you have say 1000 USD? You can buy one gold coin or 50kg of copper coins and in the end of the day both will cost you 1000 dollars so copper want't really cheaper. You got more weight but worth the same amount of money! The main difference is that if you keep holding for a year you may not find anyone to buy your copper from you.
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KonstantinosM
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June 01, 2020, 10:08:48 AM |
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For every good altcoin there are approximately 1000 shitcoins. There are some genuinely good alts, and they will see their day in the sun. The potential gains are going to be at least 10 fold of what you'll get with bitcoin. You can get a bigger slice of the pie because of a smaller number of holders.
That being said. It takes a ridiculous amount of resources and good devs to see a coin that can offer something good build on top of what bitcoin already has going on. I'm not going to recommend the bags I'm holding right now onto everyone but I suspect 10 years from now, when everyone has forgotten this post I'll be way in the green.
Then again, if you take your BTC and invest 50% in new altcoins that pop out of nowhere making big promises with some new gimmick or other then you'll be left with half your bitcoin.
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Syscoin has the best of Bitcoin and Ethereum in one place, it's merge mined with Bitcoin so it is plugged into Bitcoin's ecosystem and takes full advantage of it's POW while rewarding Bitcoin miners with Syscoin
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Vishnu.Reang
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June 01, 2020, 01:37:34 PM |
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There is only one reason for this - greed. A lot many of the new investors believe that Bitcoin has already reached its peak and they may not get 10x and 20x returns if they invest in BTC. On the other hand, the altcoin fanboys are very active in social media and they claim that the investors can get 100x or even 1,000x returns if they invest in that particular altcoin.
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Yatsan
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June 01, 2020, 01:46:00 PM |
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There is only one reason for this - greed. A lot many of the new investors believe that Bitcoin has already reached its peak and they may not get 10x and 20x returns if they invest in BTC. On the other hand, the altcoin fanboys are very active in social media and they claim that the investors can get 100x or even 1,000x returns if they invest in that particular altcoin.
Yeah, these days shitcoins are booming on social media since the cryptourrency knowledge is spreading quickly. I remember way back 2017-2018 I think. There's a new coin that is called a TBC which is a scam that is really popular at social media platforms and after months it got busted. Today the numbers of those shitcoins scam is getting bigger, a lot of newcomers are getting victim by it. I think that's one of the reason why many people are losing on altcoins.
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metenjean
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June 01, 2020, 03:12:28 PM |
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But many investor get profit after investing from bitcoin to altcoin, I know altcoin can dump extremely but have bigger chance to pump on higher price more than 300% and profitable than bitcoin, just 10% until 20% for bitcoin back up to higher price and take more than two or three months, but for altcoin we can get short time about one or two weeks to get on higher price and exactly could dump more than 200% just few days.
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stiffbud
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June 01, 2020, 03:27:12 PM |
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But many investor get profit after investing from bitcoin to altcoin, I know altcoin can dump extremely but have bigger chance to pump on higher price more than 300% and profitable than bitcoin, just 10% until 20% for bitcoin back up to higher price and take more than two or three months, but for altcoin we can get short time about one or two weeks to get on higher price and exactly could dump more than 200% just few days.
This doesn't happen always, mostly the price of the altcoins decrease and also the pumps are the only way for making money in altcoin market like 300% as you said. If you just hold and think of making money then you are completely wrong as the value of altcoins is decreasing, only a few altcoins that are in the top 10 or maybe top 20 are worth investing in and also the ones with a huge market cap along with a high daily trading volume, if the volume is less then there is a great risk of loosing all the money that you invested in that coin.
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Assface16678
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June 01, 2020, 03:53:18 PM |
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I think not all the small investors because there are some people who made an investment when the altcoins have a good market price too in the previous years. Sometimes the altcoins are going up the same with the bitcoin-like happens previously to the market price of the bitcoin reaches over 13k dollars and the altcoin for example is the ripple each ripple reaches for over three dollars which is a huge improvement too. But today I think there is a lot of issues on the altcoins because some of the investors already made an investment on bitcoin because they know the halving is coming which is good because there is a chance that the bitcoin now beat the previous resistance of the price. But many investor get profit after investing from bitcoin to altcoin, I know altcoin can dump extremely but have bigger chance to pump on higher price more than 300% and profitable than bitcoin, just 10% until 20% for bitcoin back up to higher price and take more than two or three months, but for altcoin we can get short time about one or two weeks to get on higher price and exactly could dump more than 200% just few days.
Stil,l there are a lot of people supporting these altcoins because they see the potential of this coin to make an increase which is a good thing but it takes time before there is a market change but we cannot tell because the market is volatile like what if there is an investment comes upon for example in ripple it is a huge change there is a chance that the ripple may go up for over 1 ripple equals to 2 dollars.
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7788bitcoin
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June 01, 2020, 04:14:55 PM |
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Yeah, these days shitcoins are booming on social media since the cryptourrency knowledge is spreading quickly. I remember way back 2017-2018 I think. There's a new coin that is called a TBC which is a scam that is really popular at social media platforms and after months it got busted. Today the numbers of those shitcoins scam is getting bigger, a lot of newcomers are getting victim by it. I think that's one of the reason why many people are losing on altcoins. After the halving i expecting some sort of rise for these pump and dump coins, i have seen many pumps in unknown alt coins in the past few weeks and i have no idea who is doing these pumps but there are social media groups including the 4 chan groups promoting alt coins and they are really going up but i was not confident enough to test my luck. For all the new users, beware of these pump and dump groups, even if you want to try your luck make sure to cash out once you reach the target.
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DeadCoin
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June 01, 2020, 07:54:34 PM |
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<...>
This can happen and will happen in a market that is Soo Bitcoin is the cream of the market and people who can't afford Bitcoin opt for the best possible alternative and against Bitcoin and losses lots of money. That's why we should focus on investing in Bitcoin than the altcoins. Investing altcoins maybe 20% of all you fund will be allocated to altcoins is a good idea. Though, there are some altcoins that give potential when you are investing. Just like what happened to me back then year 2017. My investment in altcoin goes 3x from my initial capital.
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Becky666
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June 01, 2020, 08:25:30 PM |
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The reason while many investors loose their Bitcoin to altcoins is their maturity in this space. So many investors think that, using Bitcoin to buy any altcoin that's good looking to expect back a huge reward is foolishness on their part because the link between these two projects at entirely different. Some project look promising and later got investors scammed of their hard earned money. Some of these projects stop half way after getting investors funds and disappear to tinair without a trace. Don't use your Bitcoin foolishly because all the market prices solely depends on the existence of Bitcoin. You can only invest when your are sure of the project success or with good prospect.
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